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Saturday 17 October 2026 Export PM’s income statement to Excel — free account

Philip Morris International Inc.

PM Consumer Defensive Tobacco

Philip Morris International Inc.’s revenue for fiscal 2025 (year ended December 2025) was $40.6 billion, up 7.31% from fiscal 2024. In the quarter to June 2026, revenue grew 10.4%, EPS fell 7.69%, free cash flow grew 67.3% and total debt fell 4.56%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for five.

205.20 5.30 +2.65%
Market cap
$311.6B
P/E
29.5×
Fwd P/E
22.6×
Dividend yield
2.93%
F-score
7/9
Altman Z
3.94
Beneish M
−2.33
Dividend safety
47/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Philip Morris International Inc. (PM) Net margin

Alert me on Net margin

Philip Morris International Inc.'s net margin over the twelve months to 30 June 2026 was 25.5%, down 2.3 percentage points from fiscal 2025 (27.8%). Over the past ten years it has ranged from 9.27% (fiscal 2015) to 28.9% (fiscal 2021); the current reading is higher than 73% of that period. That is above the Tobacco industry median of 0.67% and above the Consumer Defensive sector median of 1.41%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 27.8% 9.27
FY2024 18.6% (3.58)
FY2023 22.2% (6.26)
FY2022 28.4% (0.51)
FY2021 28.9% 0.91
FY2020 28.0% 3.96
FY2019 24.1% (2.60)
FY2018 26.7% 5.71
FY2017 20.9% (5.10)
FY2016 26.0% 16.77

Quarterly newest first

Period Net margin Change (points)
Jun 2026 25.1% 1.15
Mar 2026 24.0% 3.36
Dec 2025 20.6% (11.38)
Sep 2025 32.0% 2.09
42 more quarters

Against its own ten years

Low 9.27% High 28.9%
Ten-year median 26.0%
Current reading's percentile 52

Net margin against peers

Company Net margin
MO Altria Group, Inc. compare 33.9%
BTI British American Tobacco p.l.c. compare 25.9%
PM Philip Morris International Inc. 25.5%
RLX RLX Technology Inc. Sponsored ADR compare 22.0%
TPB Turning Point Brands, Inc. compare 8.78%
UVV Universal Corporation compare 0.67%
AIIR Air Global PLC compare 0.00%
RYM RYTHM, Inc. compare −6.20%
ISPR Ispire Technology Inc. compare −34.6%
Tobacco industry median 0.67%
Consumer Defensive sector median 1.41%
Market median 0.45%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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